Datametrex Cancels RSUS

Rhea-AI Summary

Datametrex AI (TSXV:DM, OTC:DTMXF) has announced the cancellation of 12,000,000 unvested restricted share units (RSUs) previously held by former employees, directors, and officers. This follows earlier grants of 22,100,000 RSUs on January 29, 2024 (vesting January 29, 2025) and 12,500,000 RSUs on February 15, 2024 (vesting February 15, 2025). After these cancellations, 22,600,000 RSUs remain outstanding under the company's 2023 omnibus incentive plan. The company states it remains committed to aligning its incentive plans with operational goals.

Positive

• Reduction in potential share dilution through cancellation of 12 million RSUs

Negative

• Large number of RSUs (22.6M) still outstanding, indicating potential future dilution

TORONTO, ON / ACCESSWIRE / December 23, 2024 / Datametrex AI Limited (the "Company" or "Datametrex'') (TSXV:DM)(FSE:D4G)(OTC Pink:DTMXF) announces that it has cancelled an aggregate of 12,000,000 unvested restricted share units ("RSUs") previously held by former employees, directors and officers of the Company, pursuant to the Company's 2023 omnibus incentive plan (the "Plan").

As announced in the press releases dated January 29, 2024 and February 15, 2024, the Company granted 22,100,000 restricted share units on January 29, 2024, vesting on January 29, 2025, and 12,500,000 RSUs on February 15, 2024, vesting on February 15, 2025, pursuant to the Plan.

Following the cancellations, an aggregate of 22,600,000 RSUs remain outstanding under the Plan. The Company remains committed to aligning its incentive plans with its operational goal and eligible participants.

About Datametrex

Datametrex is an innovative leader in Technology Solutions, Artificial Intelligence, Healthcare, and Mobile Gaming. The Company excels in delivering tools and solutions that enhance operational efficiencies and business outcomes. With a commitment to innovation, Datametrex is dedicated to supporting enterprises by setting a new standard for business protocols through cutting-edge technology.

For more on Datametrex, please visit our Company website.

For Additional Information

Paul Haber, C.P.A., C.A., C.Dir
CEO & Chairman
info@datametrex.com
(416) 318-6501

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains "forward-looking statements," which involve risks, uncertainties, and factors that could cause actual results to differ materially from those anticipated. These statements are not historical facts and are generally identified by words such as "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," and similar expressions. Such statements include expectations related to game development and other Company plans.

While Datametrex believes the forward-looking information is reasonable as of the date of this release, these statements involve assumptions, risks, and uncertainties that could cause actual outcomes to differ. Key factors include general economic conditions, legislative and regulatory developments, access to capital, industry competition, and the Company's ability to execute its strategies. The Company does not undertake to update these statements, except as required by law. Readers are advised not to place undue reliance on forward-looking information.

Factors that could cause actual results to differ materially are detailed under "Risk Factors" in Datametrex's management's discussion and analysis and available on the Company's profile at www.sedarplus.ca.

This release does not constitute an offer to sell or a solicitation to buy, nor shall it constitute an offer, solicitation, or sale in any jurisdiction where such would be unlawful prior to registration or qualification under applicable securities laws. We seek Safe Harbor.

SOURCE: DataMetrex AI Ltd.

View the original press release on accesswire.com

FAQ

How many RSUs did Datametrex (DTMXF) cancel in December 2023?

Datametrex cancelled 12,000,000 unvested restricted share units (RSUs) previously held by former employees, directors, and officers.

How many RSUs remain outstanding for Datametrex (DTMXF) after the December 2023 cancellation?

After the cancellations, 22,600,000 RSUs remain outstanding under the company's 2023 omnibus incentive plan.

What RSU grants did Datametrex (DTMXF) make in early 2024?

Datametrex granted 22,100,000 RSUs on January 29, 2024 (vesting January 29, 2025) and 12,500,000 RSUs on February 15, 2024 (vesting February 15, 2025).

When will the remaining Datametrex (DTMXF) RSUs vest?

The remaining RSUs are set to vest on January 29, 2025, and February 15, 2025, according to their respective grant dates.